Latest news with #TAI
Yahoo
14 minutes ago
- Business
- Yahoo
Türkiye's TAI and GE Aerospace (GE) Sign Deal to Integrate F404 Engine into HURJET Jet Trainer
GE Aerospace (NYSE:GE) is among the 10 Best Aerospace Stocks to Buy Now. On July 24, the Turkish Aerospace Industries (TAI) announced signing an agreement with the company to strengthen the F404 turbofan engines and any potential future collaborations related to Türkiye's HURJET jet trainer. A huge in-process machining center producing parts for aircraft and aerospace systems. According to reports in the Turkish press, the pact signed in Istanbul during the IDEF International Defense Industry Fair is aimed at using these engines in the HURJET and for the necessary procurement for integration. Another objective is also to get GE Aerospace (NYSE:GE)'s support in the flight test activities of the new prototypes. Moreover, TAI and GE Aerospace (NYSE:GE) have also agreed to undertake additional steps on the maintenance, repair, and overhaul of the F404 engine, the Anadolu Agency reported on Wednesday last week. GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines. The stock has surged 62% year-to-date, as of the close of business on July 28. While we acknowledge the potential of GE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Global Stocks to Buy Right Now and 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds. Disclosure: None.
The Diplomat
11 hours ago
- Business
- The Diplomat
Indonesia Signs Contract With Türkiye to Buy 48 KAAN Fighter Jets
The acquisition of the Turkish fighter marks an extension of Jakarta's promiscuous approach to the modernization of its ageing fighter fleet. Indonesia has signed a contract to buy 48 KAAN fighter jets from Türkiye in a bid to upgrade its ageing air force, Indonesia's Ministry of Defense announced yesterday. In a statement, Ministry spokesperson Frega Wenas Inkriwang said that the two nations 'signed an implementation contract' on July 26, on the sidelines of the International Defence Industry Fair in Istanbul, Reuters reported. The KAAN fighter, which has been developed by Turkish Aerospace Industries (TAI), is Türkiye's first domestically produced combat aircraft. It completed its first flight in February last year, and production is expected to begin in earnest in 2028. Indonesia is the first export customer for the new fifth-generation jet. The 10-year delivery timeline will see KAAN fighters assembled and integrated with engines manufactured in Türkiye, while new production and maintenance facilities will be established in Indonesia. This will support technology sharing and the development of Indonesia's defense industrial base. Indonesia's state-owned aerospace company PT Dirgantara Indonesia and land systems manufacturer PT Republik Armorindo Defense will participate in the program alongside TAI. 'This signature is not merely an export milestone – it marks the beginning of a new era in engineering, production, and technology sharing,' Türkiye's Secretariat of Defense Industries (SSB) said in a statement quoted by Aviation Week. The KAAN deal, which has been valued by one publication at around $10 billion, marks an extension of Jakarta's promiscuous approach to the modernization of the Indonesian Air Force, which currently includes a mix of ageing U.S.-made F-16 and Russian Sukhoi Su-27 and Su-30 jets. The Indonesian Air Force has considered various options for refreshing its fighter fleet over the past decade, reflecting both the complexity of its operational needs and its desire to avoid a heavy reliance on any one defense partner. It is already waiting on an $8.1 billion order for 42 new Rafale jet fighters from the French defense manufacturer Dassault, the first of which are expected for delivery early next year. Since then, Jakarta has mooted a possible purchase of China's J-10 fighter jets, following the impressive performance of Pakistan's J-10s in its military clashes with India in May. It has also considered a purchase of U.S.-made F-15EX Eagle II fighters. Why Indonesia would opt for a largely unproven jet remains unclear, but Türkiye's agreement to support technology transfers in Indonesian state-owned enterprises is clearly an attractive draw for Jakarta, which has for years sought to develop its own defense industrial base. As a technologically competent middle power, Türkiye also likely appeals insofar as it allows Indonesia to avoid an unhealthy dependence on major powers such as China, Russia, and the United States. The fighter jet procurement is not the only new defense agreement between the two nations. According to one report, last week's defense expo also saw Indonesia sign an MoU with Türkiye's TAIS Shipyard to purchase two Milgem Istif-class frigates, which follows the integration of Turkish weapons and combat systems aboard Indonesia's future Merah Putih-class frigates. At last week's defense expo, the Turkish defense firm Roketsan also signed a technology transfer agreement with Indonesia covering its Cakir cruise missile system.
India.com
4 days ago
- Business
- India.com
Rs 830000000000: Pakistan's close ally to export 48 fifth-generation fighter jets to Indonesia; top features are..., country is...
In its republic's history, Turkey signed its largest defense export deal with Indonesia for 48 KAAN fifth-generation fighter jets on Saturday during the 17th International Defense Industry Fair (IDEF 2025), reported Türkiye Today. This transformative agreement represents a major advance for Turkey's domestic combat aircraft program. A number of high-profile officials attended the signing ceremony. They were Haluk Görgün, head of the Turkish Presidency of Defense Industries (SSB); Indonesian Defense Minister Sjafrie Sjamsoeddin; TAI Board Chairman Ömer Cihad Vardan; Suay Alpay, Deputy National Defense Minister and TAI Vice Chairman; and TAI General Manager Mehmet Demiroğlu. Financial terms have not been formally revealed, but the Turkish media reports suggest the value of the contract is around $10 billion. At $10 billion, this defense deal is significant for bilateral defense collaboration. On June 11, Turkish President Recep Tayyip Erdoğan announced Turkey's plan to export 48 KAAN jets to Indonesia. The signing now makes the agreement formal and represents Turkey's first official export deal for its indigenous fifth-generation fighter jet. Sharing a post on X(previously Twitter), SSB wrote,' On 11 June 2025, we signed the Government-to-Government (G2G) Procurement Agreement with the Indonesian Ministry of Defence for cooperation on a total of 48 KAAN National Combat Aircraft. Today, we have officially signed the commercial contract defining the details and technical annexes of this agreement.' 'This signature is not merely an export milestone—it marks the beginning of a new era in engineering, production, and technology sharing. The local industrial base to be established in Indonesia will stand as a field-proven reflection of our deep-rooted strategic partnership built on friendship,' the post further reads. The contract stipulates a maximum delivery window of 120 months (10 years), signifying a significant production obligation on TAI and the Turkish aerospace sector as a whole. This contract is the first large scale international export deal for the KAAN program, reflecting strong international confidence in Turkey's fifth-generation fighter jet—only a little over a year after its first flight. The plane is armed with the indigenous MURAD AESA radar, internal weapons bays, supercruise capability, and is compatible with fully indigenous munitions. Its advanced technology includes a low radar cross-section and reduced heat signature, making it one of the most advanced fighter platforms in the world, in its class. The KAAN is a fifth generation fighter aircraft being developed by Turkey for more than a decade. It was first publicly launched in 2023 and completed its first test flight in 2024. The serial production of the jet is expected to begin in 2028. Turkey has built three prototypes of the KAAN jet so far. The KAAN fighter jet has been designed to execute multi-role air combat capabilities focusing on air superiority, precision strikes, and survivability amongst others. The fighter or 'KAAN' is being developed as part of Turkish President Recep Erdoğan's effort to ramp up internal aerospace production.
New Straits Times
5 days ago
- Business
- New Straits Times
Malaysia to receive ANKA MALE-UAS next year
ISTANBUL: Malaysia is expected to receive the Turkish-made ANKA Medium Altitude Long Endurance-Unmanned Aerial System (MALE-UAS) by March 2026, said Defence Minister Datuk Seri Mohamed Khaled Nordin. He said the ANKA MALE-UAS, developed by Turkish Aerospace Industries (TAI), is currently undergoing radar system integration and radio communication installation, with the equipment sourced from Germany. "Royal Malaysian Air Force (RMAF) officers who will operate ANKA are currently undergoing training with the supplier. "When we acquire assets like this, operational training is also provided by the supplying company," he told reporters here on Thursday. On the possibility of acquiring additional ANKA MALE-UAS units, Mohamed Khaled said future procurement of defence assets will be decided by the government based on the 13th Malaysia Plan, scheduled to be tabled on July 31. Defence Ministry and TAI signed the contract for the procurement of three units of the ANKA MALE-UAS, along with associated support equipment, during the Langkawi International Maritime and Aerospace Exhibition (Lima) in May 2023. Malaysia is believed to have selected the ANKA-S variant, capable of operating at altitudes of up to 30,000 feet for 24 to 30 hours, with a payload capacity ranging from 250 to 350 kilogrammes. Beyond Intelligence, Surveillance, and Reconnaissance (ISR) missions, the advanced ANKA MALE-UAS could also be armed with four MAM Smart Micro Missiles, developed by Türkiye's defence company, ROKETSAN, for precision ground-attack missions. Mohamed Khaled, who concluded a three-day official visit to Turkiye today, attended the 2025 International Defence Industry Fair (IDEF) and inspected the construction of the second batch of three Littoral Mission Ships (LMS) by Savunma Teknolojileri Muhendislik (STM). – Bernama
The Sun
5 days ago
- Business
- The Sun
Malaysia to receive ANKA MALE-UAS drones by March 2026
ISTANBUL: Malaysia is set to receive the Turkish-developed ANKA Medium Altitude Long Endurance-Unmanned Aerial System (MALE-UAS) by March 2026, according to Defence Minister Datuk Seri Mohamed Khaled Nordin. The drones, produced by Turkish Aerospace Industries (TAI), are undergoing radar system integration and radio communication installation, with components sourced from Germany. Mohamed Khaled confirmed that Royal Malaysian Air Force (RMAF) personnel are currently training with the supplier to operate the ANKA drones. 'When we acquire assets like this, operational training is also provided by the supplying company,' he told reporters during his visit to Turkiye. The Defence Ministry signed a contract with TAI in May 2023 during the Langkawi International Maritime and Aerospace Exhibition (LIMA) for three ANKA MALE-UAS units and related support equipment. Malaysia is expected to receive the ANKA-S variant, which can operate at altitudes of up to 30,000 feet for 24 to 30 hours and carry payloads between 250 to 350 kilogrammes. Beyond intelligence, surveillance, and reconnaissance (ISR) roles, the ANKA drones can be armed with four MAM Smart Micro Missiles, developed by Turkish defence firm ROKETSAN, for precision ground-attack missions. Mohamed Khaled also inspected the construction of three Littoral Mission Ships (LMS) by Savunma Teknolojileri Muhendislik (STM) during his visit to the 2025 International Defence Industry Fair (IDEF). Future defence acquisitions will be determined under the 13th Malaysia Plan, set to be tabled on July 31. - Bernama
